Washington § 24.06.255 - Payment of fair value to dissenting member or shareholder.

Full text of Washington Revised Code of Washington § 24.06.255 — Payment of fair value to dissenting member or shareholder., with citation guidance and answers to common questions.

§ 24.06.255. Payment of fair value to dissenting member or shareholder.

Notwithstanding any provision in this chapter for the payment of fair value to a dissenting member or shareholder, (1) the articles of incorporation may provide that a dissenting member or shareholder shall be limited to a return of a lesser amount, but in no event shall a dissenting member or shareholder be limited to a return of less than the consideration paid to the corporation for the membership or shares which he or she holds unless the fair value of the membership or shares is less than the consideration paid to the corporation, and (2) the fair value payable to a dissenting member of a consumer cooperative shall be a fixed amount equal to the consideration paid to the corporation for the member's current membership unless the articles of incorporation expressly provide for a greater or lesser amount.
[ 2001 c 271 s 15; 1969 ex.s. c 120 s 51.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 24.06.255

What does Revised Code of Washington § 24.06.255 cover?

Section 24.06.255 ("Payment of fair value to dissenting member or shareholder.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 24.06.255?

A common citation format is "Revised Code of Washington § 24.06.255" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 24.06.255 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.